Welcome to our dedicated page for Sl Green Rlty news (Ticker: SLG), a resource for investors and traders seeking the latest updates and insights on Sl Green Rlty stock.
SL Green Realty Corp. (NYSE: SLG) is a fully integrated REIT that describes itself as Manhattan’s largest office landlord, with a portfolio focused on commercial properties in New York City. The news flow around SL Green often centers on Manhattan office leasing, acquisitions and dispositions of major towers, and financing transactions tied to its properties and credit investments.
On this page, readers can follow company announcements about transactions such as the acquisition of Park Avenue Tower, joint venture arrangements at 100 Park Avenue, and consolidation of ownership at 800 Third Avenue. SL Green also reports on contracts to purchase development sites like 346 Madison Avenue and adjacent parcels, highlighting its ongoing activity in Midtown Manhattan and along Park Avenue.
Regular updates include leasing milestones across the Manhattan office portfolio, with details on new leases, expansions and renewals for tenants in sectors such as financial services, professional services and technology. The company also issues press releases on office leasing volume, same-store occupancy targets and notable tenant commitments at buildings including One Madison Avenue, 11 Madison Avenue, 245 Park Avenue, 280 Park Avenue, 1185 Avenue of the Americas and others.
Investors can also see capital markets and corporate news, including refinancings of large office assets, the launch and deployment of the SLG Opportunistic Debt Fund, and changes to dividend policies for common and preferred stock. Earnings release dates, conference call information and institutional investor conference details are regularly announced, giving context to SL Green’s financial performance and strategy. For anyone tracking SLG, this news feed provides a centralized view of the company’s property-level activity, leasing trends and financing decisions in Manhattan commercial real estate.
SL Green Realty Corp. (NYSE: SLG), Manhattan's largest office landlord, will release its Q1 2021 earnings on April 21, 2021, after market close. A conference call is scheduled for April 22, 2021, at 2:00 PM ET, hosted by CEO Marc Holliday. Participants can access the call via a toll-free number or by webcast through the company's website. As of December 31, 2020, SL Green owned interests in 88 buildings totaling 38.2 million square feet of real estate in Manhattan.
SL Green Realty Corp. (NYSE: SLG) has launched a city-wide COVID testing initiative in New York, marking a significant step towards workplace safety and recovery. Collaborating with state and city officials, SL Green has designated over 200,000 square feet across 21 locations for temporary testing centers, free for tenant use. All nearly 900 tenants can access testing from April 8, with preferred rates provided by testing partner Mobile Health. This initiative underscores SL Green's commitment to ensuring tenant safety and facilitating a return to office work as the vaccination process progresses.
SL Green Realty Corp. (NYSE:SLG) announced a monthly dividend of $0.3033 per share, payable on April 15, 2021 to shareholders of record by March 31, 2021. Additionally, the company declared a quarterly dividend of $0.40625 per share for its Series I Preferred Stock, equivalent to an annualized $1.625 per share, also payable on April 15, 2021. SL Green, Manhattan's largest office landlord, manages 88 buildings totaling 38.2 million square feet as of December 31, 2020.
SL Green Realty Corp. (NYSE:SLG), the largest office landlord in Manhattan, will hold its 2021 Annual Meeting of Stockholders on May 27, 2021. The meeting will occur at 10:00 a.m. ET via remote communication only, with stockholders unable to attend in person. The record date for determining eligible stockholders is March 31, 2021. Additional details will be provided in the upcoming proxy statement. As of December 31, 2020, SL Green managed 88 buildings, totaling 38.2 million square feet, cementing its role as a key player in Manhattan's commercial real estate market.
SL Green Realty Corp. (NYSE:SLG), Manhattan’s largest office landlord, has declared a monthly dividend of $0.3033 per share, payable on March 15, 2021 to shareholders of record by February 26, 2021. This dividend reflects the company's ongoing commitment to providing value to its investors.
As of December 31, 2020, SL Green managed 88 properties, encompassing a total of 38.2 million square feet in Manhattan, which includes direct ownership of 28.6 million square feet.
SL Green Realty Corp. (NYSE: SLG) has agreed to sell its 25% interest in the commercial condominium units at Tower 46 for a gross valuation of $275 million, translating to $793 per square foot. The transaction, closing in Q1 2021, is expected to yield approximately $20 million in net cash proceeds. This sale aligns with SL Green's strategy to divest non-core assets and reinvest in its share repurchase program, showcasing the ongoing demand for Class A real estate in Manhattan. SL Green acquired the property in 2014 and holds interests in 88 buildings totaling 38.2 million square feet.
SL Green Realty Corp. (NYSE: SLG) announced three new leases totaling 224,408 square feet at 245 Park Avenue on behalf of HNA Group North America. Ares Management signed a five-year lease for 38,564 square feet, while The Norinchukin Bank renewed its lease for 37,611 square feet. Houlihan Lokey signed a ten-year lease covering 148,233 square feet. Steven Durels emphasized the building's desirability and convenience as a corporate location. The 1.78 million-square-foot tower is a prominent feature of Park Avenue, with direct access to Grand Central Terminal.
SL Green Realty Corp. (NYSE: SLG) reported a strong Q4 2020 with net income of $242 million, or $3.43 per share, up from $17 million the previous year. Annual net income also increased to $427 million, or $5.85 per share. Funds from operations (FFO) for Q4 were $119.2 million, or $1.56 per share, impacted by $8.3 million in losses from certain investments. The company announced a $500 million increase to its share repurchase program, totaling $3.5 billion, and raised its annual dividend by 2.8% to $3.64 per share.
Additionally, SL Green signed 27 Manhattan office leases totaling 463,927 square feet.
SL Green Realty Corp. (NYSE: SLG), Manhattan’s largest office landlord, announced two new leases at One Vanderbilt Avenue, increasing leased occupancy to 73%. Walker & Dunlop signed a 16,614-square-foot, seven-year lease, while a financial services firm took a 26,770-square-foot, 15-year lease for the entire 55th floor. The tower boasts award-winning architecture, advanced technology, and top-tier amenities, confirming strong tenant demand amid leasing growth during the pandemic. This reinforces One Vanderbilt’s status as a leading office space for top companies.
SL Green Realty Corp. (NYSE: SLG) announced a significant 15-year lease with Beam Suntory for 99,556 square feet at 11 Madison Avenue, achieving 100% occupancy for the building. This location will serve as Beam Suntory’s global headquarters, enhancing its presence in New York—a key market for its premium spirits strategy. The deal highlights the attractiveness of 11 Madison Avenue, known for its architecture and prime location. SL Green, a major player in Manhattan’s commercial real estate, continues to manage a substantial portfolio, with interests in 93 buildings totaling 40.6 million square feet.
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